The Reserve Bank of New Zealand Bulletin

Quarterly that explores issues related to both central banking and the New Zealand economy. On the record speeches of the Governor and Deputy Governors also featured regularly.

Articles from Vol. 65, No. 4, December

Corporate Behaviour and the Balance of Payments
Balance of payments data are sometimes used to try to predict currency or financial crises. A high current account deficit relative to GDP, a large proportion of external debt relative to equity flows, and a large proportion of investment portfolio...
Editor's Note
In recent issues of the Reserve Bank of New Zealand Bulletin, we have published articles covering a range of the Reserve Bank's functions, including ones that tend to lie in the shadows of the Bank's more prominent roles. In this issue of the Bulletin...
For the Record: Recent Press Releases. (News Releases)
RBNZ: Austraclear merger not being considered 20 September 2002 The Reserve Bank today said that, despite a report in today's Dominion Post, it is not in discussions with any party regarding a merger or replacement of its Austraclear Depository...
Managing New Zealand's Foreign Reserves
New Zealand holds foreign exchange reserves primarily to enable the Reserve Bank to intervene in the New Zealand currency market if serious liquidity problems were to develop. Holding reserves involves balancing a number of factors. We need to have...
Reserve Bank Discussion Papers
This section sets out the abstracts of recently issued Reserve Bank Discussion Papers. The Discussion Papers are available on the Reserve Bank web site and can be obtained in hard copy on request from the Reserve Bank. DP2002/01 Extracting expectation...
The Evolution of Monetary Policy in New Zealand: A Speech to the Rotary Club of Wellington. (Speech)
As a new central bank governor, what I would like to do first is to give you an overall perspective on the role of the Reserve Bank in the New Zealand economy. I will then focus in on the role of monetary policy, and the implications of the new Policy...
The Reserve Bank's Forecasting Performance. (Articles)
For most of the period since 1994, the target range for annual Consumers Price Index (CPI) inflation, established by the Policy Targets Agreements (PTA), was 0 to 3 per cent. Over this period, actual CPI inflation has averaged 2 per cent. As one might...